Vetspace INC FY2022 filing

Gainesville, FLUnknown exempt organization EIN 59-3251229Revenue $254K in FY2022Latest return filed Apr 2, 2025

On file with the IRSvetspace.orgGainesville, FL

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Provide transitional and permanent shelter, food, mental health substance abuse counseling, career counseling, and educational assisitance to veterans in need.

Form 990 Part I, line 1, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 59-3251229) · Dispute this line
87¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $64K a year · 27% of revenue · last 5 filings
A surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
87%
of spending
87% of spending went to programs.
Pt IX · Ln 25 · col B
1.7 mo
of spending, in cash
1.7 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $16
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$73K
21% of total assets
Liabilities are 21% of assets.
Pt X · Ln 26
Independent board members
4
of 4 voting members
4 of 4 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$254K
+13% vs prior year
Spent
$287K
To programs
87%
Net assets
$281K
By yearFY2020–FY2024
Revenue
$254K
FY2022▲ +13%
Tap a bar for its year
Revenue by fiscal year
FY2020$214K
FY2021$225K
FY2022$254K
FY2023$469K
FY2024$0
Expenses
$287K
FY2022▲ +27%
Tap a bar for its year
Expenses by fiscal year
FY2020$219K
FY2021$225K
FY2022$287K
FY2023$285K
FY2024$464K
Net assets
$281K
FY2022▼ -10%
Tap a bar for its year
Net assets by fiscal year
FY2020$313K
FY2021$313K
FY2022$281K
FY2023$464K
FY2024$0

From the FY2022 Form 990 · see the original

You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $250K Management & general 13% · $37K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
Secretary
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Vetspace INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers shelter, food, counseling, and career help to veterans needing support.

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1 program · $250K · in their own filed words · FY2022
01

Provide temporary and permanent shelter, food, mental health substance abuse counseling, career counseling, and educational assistance to veterans in need.

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 59-3251229) · Dispute this line
$250Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$16

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$254K
Ln 12
Gifts and grantsLn 1h$254K
Money outPt IX
$287K
Ln 25
Programscol B$250K
Managementcol C$37K
Owns and owesPt X
$281K
net assets · Ln 32
Cash and savingsLn 1–2$42K
Total assetsLn 16$354K
LiabilitiesLn 26$73K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$254K
Government grantsLn 1e$219K
Total revenueLn 12$254K
Assets in detailPt X, end of year
CashLn 1$42K
Cash and savings togetherLn 1–2$42K
Pledges and grants receivableLn 3$21K
Prepaid expenses and deferred chargesLn 9$4K
Land, buildings, equipmentLn 10c$287K
Other assetsLn 15$397
Total assetsLn 16$354K
LiabilitiesLn 26$73K
Net assetsLn 32$281K
OperationsPt I, VI
EmployeesI 52
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$61K$42K
Land, buildings, equipmentLn 10c$304K$287K
Total assetsLn 16$388K$354K
LiabilitiesLn 26$75K$73K
Net assetsLn 32$313K$281K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$101K$101K
Other employee benefitsLn 9$12K$12K
Payroll taxesLn 10$9K$9K
Legal feesLn 11b$84K$56K$28K
Accounting feesLn 11c$8K$5K$2K
Office expensesLn 13$2K$2K
OccupancyLn 16$5K$5K
InterestLn 20$3K$3K
Depreciation, depletion and amortizationLn 22$17K$17K
InsuranceLn 23$11K$11K
Other expenses (24a–d)Ln 24$36K$36K
All other expensesLn 24e$148$148
Total functional expensesLn 25$287K$250K$37K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Apr 2, 2025 $0$464K−$464K$0 990 PDF
FY2023Filed with the IRS Jul 10, 2024 $469K$285K$184K$464K 990 PDF
FY2022 ViewingFiled with the IRS Jun 19, 2023 $254K$287K−$32K$281K 990 PDF
FY2021Filed with the IRS Nov 13, 2022 $225K$225K−$209$313K 990 PDF
FY2020Filed with the IRS Oct 12, 2021 $214K$219K−$5K$313K 990 PDF

Schedules filed Part IV

I · Grants O · Explanations
See the full FY2022 990
Part I · Summary $254,281 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $224,970$254,281
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $224,970$254,281
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $126,165$121,724
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $99,014$164,904
I-18 Total expensesPrior year $225,179$286,628
I-19 Revenue less expensesPrior year −$209−$32,347
Part VI · Governance 4 of 4 board members independent, 3 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $254,281 across 4 lines filed
VIII-1e Government grants$218,706
VIII-1f All other contributions, gifts and grants$35,575
VIII-1h Total contributions, gifts and grants$254,281
VIII-12 Total revenue$254,281
Part IX · Statement of functional expenses $286,628 across 12 lines filed
IX-7 Other salaries and wagesPrograms $101,035$101,035
IX-9 Other employee benefitsPrograms $12,023$12,023
IX-10 Payroll taxesPrograms $8,666$8,666
IX-11b Legal feesPrograms $56,313 · Management $27,737$84,050
IX-11c Accounting feesPrograms $5,026 · Management $2,476$7,502
IX-13 Office expensesManagement $1,511$1,511
IX-16 OccupancyManagement $4,824$4,824
IX-20 InterestPrograms $3,113$3,113
IX-22 Depreciation, depletion and amortizationPrograms $17,021$17,021
IX-23 InsurancePrograms $10,613$10,613
IX-24 Other expenses (24a–d)Programs $36,122$36,122
IX-24e All other expensesPrograms $148$148
IX-25 Total functional expensesPrograms $250,080 · Management $36,548 · Fundraising $0$286,628
Part X · Balance sheet $353,673 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $60,640$41,613
X-3 Pledges and grants receivableStart of year $14,274$20,613
X-9 Prepaid expenses and deferred chargesStart of year $9,117$4,055
X-10c Land, buildings and equipment, netStart of year $304,017$286,995
X-15 Other assetsStart of year $397$397
X-16 Total assetsStart of year $388,445$353,673
X-17 Accounts payable and accrued expensesStart of year $2,696$3,764
X-23 Secured mortgages and notes payableStart of year $66,711$66,926
X-25 Other liabilitiesStart of year $5,906$2,198
X-26 Total liabilitiesStart of year $75,313$72,888
X-27 Net assets without donor restrictionsStart of year $312,570$280,223
X-28 Net assets with donor restrictionsStart of year $562$562
X-32 Total net assets or fund balancesStart of year $313,132$280,785
X-33 Total liabilities and net assetsStart of year $388,445$353,673
Part XI · Reconciliation of net assets $280,785 net assets at year end
XI-1 Total revenue$254,281
XI-2 Total expenses$286,628
XI-3 Revenue less expenses−$32,347
XI-4 Net assets at start of year$313,132
XI-10 Net assets at end of year$280,785

Form 990 e-file FY2022 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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